Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 34,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 128,000. Units completed and transferred out: 162,000. Ending Inventory: 34,500 units, 100% complete as to materials and 35% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $52,00. Costs in beginning Work in Process - Conversion: $57,85O. Costs incurred in February - Direct Materials: $296,000. Costs incurred in February - Conversion: $608,150. Calculate the equivalent units of conversion.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department:
Units:
Beginning Inventory: 34,000 units, 100% complete as to materials and 55% complete as to conversion.
Units started and completed: 128,000.
Units completed and transferred out: 162,000.
Ending Inventory: 34,500 units, 100% complete as to materials and 35% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $52,000.
Costs in beginning Work in Process - Conversion: $57,850.
Costs incurred in February - Direct Materials: $296,000.
Costs incurred in February - Conversion: $608,150.
Calculate the equivalent units of conversion.
Multiple Choice
128,000
135,725.
93,500
196 500
身
Transcribed Image Text:Sparky Corporation uses the weighted-average method of process costing. The following information is available for February in its Molding Department: Units: Beginning Inventory: 34,000 units, 100% complete as to materials and 55% complete as to conversion. Units started and completed: 128,000. Units completed and transferred out: 162,000. Ending Inventory: 34,500 units, 100% complete as to materials and 35% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $52,000. Costs in beginning Work in Process - Conversion: $57,850. Costs incurred in February - Direct Materials: $296,000. Costs incurred in February - Conversion: $608,150. Calculate the equivalent units of conversion. Multiple Choice 128,000 135,725. 93,500 196 500 身
Costs:
Costs in beginning Work in Process - Direct Materials: $52,000.
Costs in beginning Work in Process - Conversion: $57,850.
Costs incurred in February - Direct Materials: $296,000.
Costs incurred in February - Conversion: $608,150.
Calculate the equivalent units of conversion.
Multiple Choice
128,000
135,725
93,500
196,500
174,075
Transcribed Image Text:Costs: Costs in beginning Work in Process - Direct Materials: $52,000. Costs in beginning Work in Process - Conversion: $57,850. Costs incurred in February - Direct Materials: $296,000. Costs incurred in February - Conversion: $608,150. Calculate the equivalent units of conversion. Multiple Choice 128,000 135,725 93,500 196,500 174,075
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